HR 3931 · 96th Congress · Economics and Public Finance

A bill to amend the Coinage Act of 1965 to provide that coins and currencies of the United States, including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations, shall be legal tender only for the payment of Federal taxes, duties and dues.

Introduced 1979-05-03· Sponsored by Rep. Paul, Ron [R-TX-22]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-05-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Coinage Act of 1965 to stipulate that, notwithstanding any other provision of law, coins and currencies of the United States, including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations, shall be legal tender only for the payment of Federal taxes, duties, and dues.…

Summarized by Claude AI · Non-partisan · For informational purposes only